PNC Financial Services Group Inc. Sells 410 Shares of Taylor Morrison Home Co. (NYSE:TMHC)

PNC Financial Services Group Inc. reduced its holdings in shares of Taylor Morrison Home Co. (NYSE:TMHC) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,156 shares of the construction company’s stock after selling 410 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Taylor Morrison Home were worth $222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in shares of Taylor Morrison Home by 30.4% in the fourth quarter. Nordea Investment Management AB now owns 108,431 shares of the construction company’s stock valued at $5,823,000 after acquiring an additional 25,250 shares during the period. TCW Group Inc. grew its position in shares of Taylor Morrison Home by 118.2% during the 4th quarter. TCW Group Inc. now owns 57,315 shares of the construction company’s stock valued at $3,058,000 after purchasing an additional 31,045 shares in the last quarter. Journey Strategic Wealth LLC bought a new position in shares of Taylor Morrison Home in the fourth quarter worth $235,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Taylor Morrison Home by 89.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 38,103 shares of the construction company’s stock worth $1,623,000 after buying an additional 17,986 shares in the last quarter. Finally, Natixis Advisors L.P. grew its position in Taylor Morrison Home by 8.2% during the fourth quarter. Natixis Advisors L.P. now owns 16,687 shares of the construction company’s stock worth $890,000 after buying an additional 1,268 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

Taylor Morrison Home Trading Down 0.7 %

Shares of TMHC opened at $53.89 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.16. Taylor Morrison Home Co. has a fifty-two week low of $37.23 and a fifty-two week high of $62.64. The firm has a 50 day moving average price of $57.02 and a 200-day moving average price of $55.90. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 7.71 and a beta of 1.95.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Tuesday, April 30th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a net margin of 10.30% and a return on equity of 15.75%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. As a group, equities research analysts forecast that Taylor Morrison Home Co. will post 7.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TMHC shares. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Zelman & Associates upgraded shares of Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Wedbush reissued an “outperform” rating and issued a $61.00 price target on shares of Taylor Morrison Home in a report on Thursday, May 30th. Finally, Royal Bank of Canada lifted their price objective on shares of Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home has an average rating of “Hold” and a consensus price target of $59.40.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the transaction, the chief executive officer now directly owns 19,211 shares of the company’s stock, valued at approximately $1,185,318.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.